IPOs

Slide #1. Senmiao Technology Limited — Initial Public Offering

Company:

Senmiao Technology Limited

Proposed Symbol:

AIHS

Shares Offered:

3,000,000

Price Per Share:

$4.00

Over-Allotment:

450,000

Description:

Senmiao Technology Limited ("Senmiao" or the "Company") (NASDAQ: AIHS), an online lending platform in China connecting investors with individual and small-to-medium-sized enterprise ("SME") borrowers and creditors, today announced the pricing of its firm commitment initial public offering of 3,000,000 shares of its common stock at a public offering price of $4.00 per share, for total gross proceeds of approximately US$12.0 million. The shares are scheduled to begin trading on the NASDAQ Capital Market today under the ticker symbol "AIHS". The Company expects to receive aggregate gross proceeds of approximately US$12.0 million from this offering, before deducting underwriting discounts, commissions and other related expenses. In addition, Senmiao has granted the underwriters a 45-day option to purchase up to an additional 450,000 common shares at the public offering price, less underwriting discount and commissions.

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